"Nifty LargeMidcap 250 is a well-diversified index with equal aggregate weight to large and midcap stocks ensuring balanced exposure to both the segments.
"The Index represents the investable universe of stocks for funds that invest in both large and mid-cap categories and is thus expected to strongly appeal to the investment community as an ideal benchmark for such funds," IISL CEO Mukesh Agarwal said in a statement.
All Nifty indices follow a well-defined, market relevant and rules-based framework that helps IISL provide transparent, replicable and market representative indices, the statement added.
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